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Stock Market & Financial Investment News

News Breaks
June 13, 2014
10:09 EDTMDP, TIME, TWXTime Inc. seen as acquistion target for Meredith
Magazine publisher Time Inc. (TIME) could be acquired by another magazine publisher, Meredith (MDP), late next year, Citigroup wrote in a note to investors earlier today. Citigroup initiated coverage of Time, which was spun off earlier this month by Time Warner (TWX), with a $28 price target and Buy rating. WHAT'S NEW: Meredith could buy Time in the fourth quarter of 2015, Citi analyst Jason Bazinet predicted. The deal is not likely to occur before then because of the tax-free nature of the Tiime spin-off, the analyst believes. Time shareholders would probably receive $28 per share in a takeover and would have 40%-48% of Meredith's equity following the deal, Bazinet estimated. The combined company could obtain $175M in annual cost savings from the deal and Meredith's stock would likely rise in the wake of the acquisition, the analyst believes. PRICE ACTION: In early trading, Time fell about 1% to $22.28 while Meredith was also down 1% to $43.80.
News For TIME;MDP;TWX From The Last 14 Days
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December 21, 2014
17:15 EDTTWXWarner Bros' ‘The Hobbit’ prevails at weekend box office, Bloomberg says
“The Hobbit: The Battle of the Five Armies,” from Warner Bros. (TWX) topped Sony's (SNE) remake of “Annie” and 21st Century Fox's (FOX, FOXA) The “Night of the Museum” this weekend, says Bloomberg. The action-fantasy from Warner Bros.brought in $56.2M in weekend sales, added Bloomberg. Reference Link
December 18, 2014
13:32 EDTTIMETime Inc., IFTTT announce partnership
IFTTT, a free service that lets consumers create simple connections between the products, services and apps they use every day, and Time Inc. are partnering to unlock new ways for audiences to consume and share popular Time Inc. digital content. Today, five of Time Inc.’s most popular titles launched Channels on IFTTT: Entertainment Weekly, InStyle, PEOPLE, Sports Illustrated, and TIME. Powered by Time Inc.’s internally developed OneBot social trending tool, consumers are able to receive links to trending Time Inc. stories through customized notifications that can be delivered in myriad ways.
09:27 EDTMDPMeredith initiated with a Neutral at Sidoti
December 17, 2014
12:39 EDTTIMETime Inc. cutting Time, People circulation guarantees, Ad Age says
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December 16, 2014
09:06 EDTTIMETime Inc. partners with Coinbase to accept bitcoin payments
Time Inc. has partnered with Coinbase, a bitcoin wallet, to become the first major magazine publisher to accept bitcoin payments. The initiative launched today with Fortune, Health, This Old House and Travel + Leisure, now accepting bitcoin among the wide variety of payment options for subscriptions. Beginning today, anyone with a Coinbase wallet can use bitcoin to purchase subscriptions to Fortune, Health, This Old House and Travel + Leisure.
08:29 EDTTWXComcast to launch online live stream of NBC, WSJ reports
Comcast's (CMCSA) NBC is launching a live stream of its broadcast network online today and plans for it to be available on mobile platforms early next year, but NBC does not plan to sell a separate online version without requiring a pay-TV subscription, unlike peers CBS (CBS) and Time Warner’s (TWX) HBO, said The Wall Street Journal. Reference Link
06:36 EDTTWXAmazon says HBO GO now available on Fire TV
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December 12, 2014
06:17 EDTTWXTime Warner CEO talks potential mergers in media space, NY Post reports
Time Warner CEO Jeff Bewkes discussed the potential of a merger with CBS (CBS) and Viacom (VIA) at yesterday's DealBook conference, New York Post reports. Bewkes said, "They may want to be a merger partner for somebody or maybe even for themselves."Reference Link
December 11, 2014
07:49 EDTTWXThe New York Times to hold a conference
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06:26 EDTTIMETime Inc. to sell Sunset magazine's Menlo Park campus, WSJ reports
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December 10, 2014
06:03 EDTTWXHBO plans to launch web-only service in April, Fortune reports
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05:59 EDTTWXHBO CTO Berkes to exit cable network, Variety reports
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December 9, 2014
15:03 EDTTWXDiscovery Communications rises after CEO sees outperforming U.S. peers
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13:53 EDTTWXTime Warner CEO: Bundle will continue to be dominant
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07:32 EDTTWXUBS to hold a conference
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06:48 EDTTWXAnalysts say Netflix undermining TV ad revenue, NY Times reports
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December 8, 2014
10:00 EDTTWXOn The Fly: Analyst Initiation Summary
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